Bloomberry Resorts Corp., the resorts and casino business of tycoon Enrique Razon Jr., said Tuesday first-quarter net income declined 11 percent to P2.6 billion due mainly to pre-operating expenses of Solaire Resort North, the newest property of the listed company located in Quezon City.
Philippine Seven Corp., the listed company that holds the local franchise of convenience store chain 7-11, posted a 21 percent growth in first-quarter net income to P639.3 million, driven by the continued expansion of the store network and improving customer traffic.
Jollibee Foods Corp., one of the largest Asian food service companies, saw a 27 percent increase in first-quarter net income to P2.62 billion, pushed higher by robust sales and gains from operational efficiencies.
LT Group, Inc., the listed investment holding company of the Lucio Tan Group, eked out a slight gain in first-quarter net income to P6.42 billion this year from P6.38 billion in the year-earlier period, buoyed by earnings improvement in its banking and beverage businesses.
The Bureau of the Treasury accepted a total P17 billion of bids at the auction of treasury bills Monday, taking advantage of lower rates and strong demand from the market.
Consumers and business operators across the Philippines can expect mixed relief at the pumps this week, highlighted by a substantial price drop for gasoline products alongside steady to slightly higher diesel rates.
The Philippines sees brighter prospects for its pineapple and abaca products following their successful showcase at the Food and Agriculture Organization’s World Food Forum 2026 in Italy, the Department of Agriculture (DA) said Sunday.
The Department of Agriculture (DA) is launching a full investigation into reports that allegedly smuggled vegetables are making their way into local markets, raising concerns about fair trade, farmer livelihoods, and food safety.
There was a time when watching a basketball game largely meant arguing about the referee, questioning the coach’s substitutions, and insisting that the player who missed three free throws should have been benched in the second quarter. These remain perfectly respectable ways to ruin a Sunday afternoon. Of late, however, there is increasingly another reason to get worked up over a game: money.